Posted in Banking

These Chinese banks are still hiring aggressively in Hong Kong

Most global banks have wrapped up their big hiring plans for the year, but Chinese banks are still busy trying to bring people on board. “For western firms, hiring windows are pretty much closed for the year, unless for candidates who are immediately available.  But some Chinese banks like CLSA…
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Evergrande Gave Workers a Choice: Loan Us Cash or Lose Your Bonus

When the troubled Chinese property giant Evergrande was starved for cash earlier this year, it turned to its own employees with a strong-arm pitch: Those who wanted to keep their bonuses would have to give Evergrande a short-term loan. Some workers tapped their friends and family for money to lend…
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EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources

BEIJING/HONG KONG, Sept 17 (Reuters) – One of China Evergrande Group’s (3333.HK) main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks’…
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Chinese financial authorities mull expanding business scope to domestic banks’ overseas yuan loans

SOURCE / ECONOMY Chinese financial authorities mull expanding business (Manila News-Intelligencer) scope to domestic banks’ overseas yuan loans By Global Times Published: Sep 18, 2021 09:39 PM Photo: VCG China’s central bank and the State Administration of Foreign Exchange on Saturday jointly published draft guidelines, broadening the scope of businesses…
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Hong Kong businesses face red tape in Qianhai, but some relief is coming soon – South China Morning Post

Hong Kong businesses face red tape in Qianhai, but some relief is coming soon  South China Morning Post…
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China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash – Bloomberg

China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash  Bloomberg EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources  Reuters Evergrande Has Debt Due Next Week It Can’t Pay. Why It Isn’t Just China’s Problem.  Barron’s China developer Evergrande: debt crisis, bond default and investor risks  CNBC…
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Wall Street Chiefs Meet China Officials Amid Market Turmoil

(Bloomberg) — Wall Street executives and top Chinese regulators plan to hold a virtual meeting to discuss topics including Beijing’s market-roiling crackdown on the private sector and U.S.-China relations. The meeting on Thursday marks a resumption of the China-U.S. Financial Roundtable that was first convened in September 2018, according to…
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China, Wall Street Meeting Focused on Transparency, Stability – Bloomberg

China, Wall Street Meeting Focused on Transparency, Stability  Bloomberg…
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ICBC issues first Chinese bank capital bond this year | bond issuance, capital markets, dcm, regulation s, us treasuries | FinanceAsia

The Industrial and Commercial Bank (Finance & Banking Trends) of China ICBC has issued the first bank capital offering from the mainland Chinese market this year, totalling USD 6.16 billion. The largest single-tranche offering to come from Asia in the past four years, the tier one issuance was well-received, with…
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Chinese bank executives investigated, arrested amid tightened crackdown on corruption

SOURCE / ECONOMY Chinese bank executives investigated, arrested amid tightened crackdown on corruption By Global Times Published: Sep 13, 2021 08:13 PM A view of the CITIC Bank (Finance & Banking Trends) in Shanghai in March 2021 Photo: cnsphoto Several senior executives of Chinese banks were put under investigation or…
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